First Post of 2019

Yea i am back... again. this blog serves as a platform for myself to keep a log of my trades. my feelings before, during and after a trade. Hope it serves as a reflection and reminder for myself to be responsible for all my trades. years passed.. i hope life have mould me into a better thinker, hopefully that helps in my trading. lets roll. traderC

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Result analysis

An result analysis is done on Saturday. Trades entry were disciplined and following system. Realized that i should work on the exit. Be it SL or TP. A justified and concrete exit is needed. Trades usually was profitable at start but diminished as time goes by. There were pips to be grabbed if timing of exit is planned carefully. An exit strategy has been came up with. backtested a few times. It will be implemented. Entry at 4H. Exit at Daily.  SL and TP will be based on the last S/R on daily candle. S/R criteria : At least 30pips away from entry. Nearest past price level that has been tested more than 3 times. eg. pierce, closeover and back over in matters of a few candlestick. 1)Ride criteria : The next S/R closest to the first S/R (The above mentioned, nearest to entry) should not be more than 60pips away.  TO TRIAL : 2)Ride criteria scenario 2. : First entry hit TP(Which is a S/R on daily.) If price close over the first TP's SR, signals another ...
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Trades made so far and results.

February 6/2/2019 AUDUSD Short +45pips 6/2/2019 NZDUSD Short +24pips 8/2/2019 USDCHF Long -20pips Close over 15SMA. Went down further more before going up again. Entry came again but i missed it. "Second Mouse Trap" technique. 11/2/2019 EURUSD Short +34pips Good TP. Touch and go. 10pips below major resistant. Double zeroes and multiple touched price. 11/2/2019 USD JPY Long (Missed) (+50pips at least.) 13/2/2019 NZDUSD Short -22pips SL saved me . SL put above 15SMA. Importance of SL. 13/2/2019 AUDJPY Long +42pips 13/2/2019 EURJPY Long (Missed) (Either +40pips or breakeven or -30pips) Price did not go up and reach the next level. 14/2/2019 AUDUSD Long -30pips Half way to TP and went down to close over 15sma. Manual close but price shot up. Went into sideway state and produce no entry signal.. 14/2/2019 GBPJPY Long -71pips Price was going up well. Free fall suddenly. Price close over 15SMA but lack of discipline to keep to system. Could have lost just 30pip...
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